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West County Bank agrees to lend Cullumber Company $424000 on January 1. Cullumber Company signs a $424000, 6%, 6-month note. What is the adjusting entry

West County Bank agrees to lend Cullumber Company $424000 on January 1. Cullumber Company signs a $424000, 6%, 6-month note. What is the adjusting entry required if Cullumber Company prepares financial statements on March 30?

Interest Payable 6360

Interest Expense 6360

Interest Expense 12720

Interest Payable 12720

Interest Expense 6360

Interest Payable 6360

Interest Expense 12720

Cash 12720

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